Subaru Outback Insurance Quotes in Minneapolis

It’s an obvious assumption that auto insurance companies don’t want you shop around. People who compare rates once a year will probably buy a different policy because of the high probability of finding a cheaper policy. A recent survey revealed that drivers who compared rate quotes regularly saved approximately $3,500 over four years as compared to drivers who didn’t regularly shop around.

If saving money on Subaru Outback insurance in Minneapolis is the reason for your visit, then having some knowledge of how to compare insurance coverage can make it simple to find affordable coverage.

If saving money is your primary concern, then the best way to get low-cost auto insurance rates is to start doing a yearly price comparison from companies who provide car insurance in Minneapolis.

• Step 1: Get an understanding of auto insurance and the things you can control to keep rates low. Many factors that drive up the price like at-fault accidents, careless driving, and a poor credit rating can be improved by paying attention to minor details.
• Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agencies can provide rate quotes for many different companies. Compare rates now
• Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper price is available. If you find a better price, verify that coverage does not lapse between policies.
• Step 4: Provide notification to your current company of your decision to cancel your current coverage. Submit payment and a signed application for your new coverage. As soon as coverage is bound, safely store the certificate verifying coverage in an easily accessible location.

A valuable tip to remember is that you’ll want to make sure you compare identical coverages on every quote and to quote with as many auto insurance providers as possible. Doing this ensures a fair price comparison and the best price selection.

The method we recommend to get rate comparisons for Subaru Outback insurance in Minneapolis takes advantage of the fact auto insurance companies participate in a system to give you rate quotes. To get started, all you need to do is give them some information like coverage limits, if it has an alarm system, the ages of drivers, and what your job is. That information is then sent to insurance companies and you should receive rate quotes almost instantly.

To check car insurance prices now, click here and complete the quick form.

The following companies have been selected to offer free quotes in Minneapolis, MN. If multiple companies are listed, we suggest you visit as many as you can to get a more complete price comparison.

Subaru Outback insurance rate analysis

The coverage information shown below highlights different coverage costs for Subaru Outback models. Understanding how insurance policy rates are determined can aid in making decisions on the best policy to buy.

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can change prices considerably.

Can higher deductibles save money?

The hardest decision when buying coverage is where to set your physical damage deductibles. The comparison tables below sum up the rate difference when you select higher and lower insurance deductibles. The first rate table uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can increase or decrease rates noticeably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $14 more each month or $168 a year than quoting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go more than 18 months between claims, you would probably come out ahead if you choose the higher deductible. The table below illustrates how you can decide this on your own policy.

One important issue to know is that increasing deductibles to save money means you will have to pay more of your own money when you have a comprehensive or collision claim. You will want to have some available funds in the event you have to pay more for the deductible.

The information below demonstrates how choosing different deductibles and can influence Subaru Outback insurance costs for different age groups. The prices are based on a single male driver, comp and collision included, and no policy discounts are applied.

Do you need full coverage?

The example below illustrates the comparison of Subaru Outback insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no accidents, no driving violations, $100 deductibles, single marital status, and no other discounts are factored in.

Should you pay for full coverage?

There is no specific rule for dropping full coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s assume your Subaru Outback replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $3,000 after paying the physical damage deductible. If you are paying more than $300 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some scenarios where only buying liability is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Smart Consumers Know How to Find Auto Insurance at a Discount

Lots of things are part of the calculation when pricing auto insurance. Some are obvious like a motor vehicle report, but some are not quite as obvious such as your marital status or how safe your car is. Consumers need to have an understanding of some of the things that aid in calculating your auto insurance rates. If you know what determines base rates, this enables informed choices that will entitle you to lower premium levels.

The list below includes a partial list of the pieces used by companies to determine rates.

• Driving citations cost more than a fine – Having just one driving citation can boost insurance rates by as much as twenty percent. Good drivers get better prices than people who have multiple driving citations. Drivers who have gotten flagrant tickets such as DUI, reckless driving or excessive speeding might be required by their state to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to legally drive.

  The information below highlights how traffic violations and at-fault collisions can drive up Subaru Outback insurance prices for different insured age categories. The data is based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

• Keep the miles off and save – The more you drive your Subaru in a year the higher the price you pay to insure it. Most companies rate vehicles based on their usage. Cars left parked in the garage qualify for better rates than those that get driven frequently. Improper usage on your Outback may be wasting your money. Verify your auto insurance policy properly reflects the right rating data, because it can save money.
• Where you live is a factor – Residing in a small town is a good thing when insuring your vehicles. Fewer people means fewer accidents in addition to lower liability claims. People in densely populated areas have more road rage incidents and more severe claims. The longer drive time means higher likelihood of an accident.
• Having a spouse can lower premiums – Having a significant other may earn you lower rates on your auto insurance policy. Marriage generally demonstrates drivers are more mature and responsible it has been statistically shown that married couples file fewer claims.
• Vehicles with better crash test results cost less to insure – Vehicles that have high safety ratings tend to be cheaper to insure. The safest vehicles help reduce the chance of injuries in an accident and better occupant protection means less money paid by your insurance company passed on to you as lower rates.
• The higher your credit score the lower your premiums – Having a bad credit score can be an important factor in determining your rates. Insureds with high credit scores tend to file fewer claims as compared to drivers with poor credit scores. So if your credit rating leaves room for improvement, you could be paying less to insure your Subaru Outback by improving your rating.

• Younger drivers cost more – More experienced drivers are more cautious drivers, statistically cause fewer accidents, and receive fewer citations. Teen drivers are statistically shown to be inattentive and easily distracted in a vehicle and because of this, their auto insurance rates are much higher.

  The following data uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Subaru Outback statistical loss data – Insurers use data from past claims to help determine the rate you pay. Vehicles that are shown to have higher claim amounts or frequency will be charged more to insure. The table below shows the collected loss data for Subaru Outback vehicles.

  For each policy coverage, the claim amount for all vehicles, regardless of make or model, equals 100. Values that are 100 or less suggest losses that are better than average, while percentages above 100 point to more losses or an increased chance of larger losses than average.

  
  

  Subaru Outback Insurance Loss Statistics

  Specific Subaru Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Subaru Outback 4WD	58	68	106	63	64	68
  Subaru Outback with Eyesight 4WD	57	46	106	61	58	40

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Protect your Subaru Outback and other assets

Even though Minneapolis Outback insurance rates can get expensive, insuring your vehicle is not optional due to several reasons.

First, the majority of states have mandatory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance in order to license the vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your vehicle, almost every bank will have a requirement that you have physical damage coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Subaru at a much higher rate and require you to pay the higher premium.

Third, insurance protects not only your Subaru Outback but also your financial assets. Insurance will also pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability coverage will also pay attorney fees if you are named as a defendant in an auto accident. If your Subaru gets damaged, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of having insurance are without a doubt worth the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is currently overpaying as much as $830 a year so compare quotes from several companies at every policy renewal to help ensure money is not being wasted.